Tag: MARKETS

Hardship: ‘Adulterated foods flooding Nigerian markets’, FG warns

Aminu Imam
Adulterated foods

…Says palm oil mixed with dye, lard The Federal Competition and Consumer Protection Commission, (FCCPC), has raised the alarm over the increase in adulterated and contaminated foods in the markets. FCCPC Acting Executive Vice-chairman, Adamu Abdullahi,  who stated this in Abuja yesterday, said that some traders were engaging in various forms of adulteration without considering the health implications for consumers. Abdullahi said this at a one-day sensitisation for traders, farmers, Civil Society Organisations (CSOs), and the public on the forceful ripening of fruits, adulterated palm oil, contaminated meat, and grains.…

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Court stops Lagos A-G, others from forcefully taking over market

Abdul-Azeez Ahmed Kadir

An Ikeja High Court on Tuesday restrained the Office of Lagos Attorney-General and Commissioner for Justice, and Kosofe Local Government from forcefully taking over the Alaba Section of Mile 12 Market. Justice Latifat Oluyemi gave the interim injunction pending determination of an application before the court. Other respondents in the suit number ID/6464GCMW/2022, include Ikosi/Isheri Local Council Development Area, Dr Chris Onyekachi, Total Value Integrated Services Ltd. and Lagos State Ministry of Physical Planning and Urban Development. The application was initiated by Incorporated Trustees of Orirere Community Leaders and Traders Association, Yeye…

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Prices of major foodstuffs in South-West markets increase by 100 percent

Abdul-Azeez Ahmed Kadir

Prices of some major foodstuffs have gone up by 100 per cent in South – West markets, with stakeholders expressing concern over the relentless increment, a survey has shown. Stakeholders in the zone have also called on government to urgently address the situation before things get out of hand. Most of the respondents who spoke attributed the astronomical increase in the prices of foodstuffs to effects of the COVID-19 pandemic. Others however, attributed the trend to increase in transport fares, caused by the recent increase in petrol price and the…

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